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Australia firm signs Congo carbon offsets deal

SINGAPORE (Reuters) - An Australian carbon services firm has signed a deal aimed at protecting tropical forests in the Democratic Republic of Congo as well as boosting renewable energy there, a senior company official said on Wednesday.

SINGAPORE (Reuters) - An Australian carbon services firm has signed a deal aimed at protecting tropical forests in the Democratic Republic of Congo as well as boosting renewable energy there, a senior company official said on Wednesday.

Shift2Neutral and its partners would help value the carbon storage from forest and land protection, certify carbon related services to communities in the DRC and help sell certified carbon offsets.

It had signed the deal with the national government as well as state governments and local tribal chiefs and landowners after more than a year of negotiations, the firm's chairman, Brett Goldsworthy, said.

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